Procurement Resource

  In the Asia Pacific region, the zinc ingot market witnessed mixed trends in 2023's first quarter, boosted by strong downstream industry demand, especially in China. Despite holiday season disruptions and economic challenges, buyer purchasing capacity supported the trend. The second quarter, however, saw negative impacts due to increased inventories from enhanced mining activities. Muted demand and inquiries coupled with struggling economic conditions led to declining zinc ingot prices from 24,340 RMB/ton in January to around 19,712 in June. In Europe, first-quarter demand rose while limited trading, wavering buyer confidence, and increased global mining activities contributed to a downward trend in Q2. North America experienced stagnant prices due to steady demand and inflation, exacerbated by reduced construction activity and economic decline. Request for Real-Time Zinc Ingot Prices: https://www.procurementresource.com/resource-center/zinc-ingot-price-trends/pricerequest Defini...